Here we have a big structure reversal pattern which consists of other smaller patterns.
1. Over Under Pattern (QML)
2. MPL- a small hidden QML
3. Wedge- a continuation pattern which price broke through
The rest are support and resistance levels
1. Over Under Pattern (QML)
2. MPL- a small hidden QML
3. Wedge- a continuation pattern which price broke through
The rest are support and resistance levels
Trade closed: stop reached:
The 8800 level has been breached and the trade closed. What might happen is the 8800 level might become a good support level.